Brookfield Renewable Corporation $BEPC Holdings Decreased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 21.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,539 shares of the company’s stock after selling 18,028 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Brookfield Renewable were worth $1,878,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BEPC. Baird Financial Group Inc. grew its position in Brookfield Renewable by 11.4% in the 2nd quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock valued at $123,800,000 after buying an additional 340,103 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Brookfield Renewable by 1.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,417,743 shares of the company’s stock valued at $40,097,000 after buying an additional 25,952 shares during the period. Royal Bank of Canada raised its position in shares of Brookfield Renewable by 7.1% during the 1st quarter. Royal Bank of Canada now owns 1,341,387 shares of the company’s stock worth $53,428,000 after buying an additional 89,430 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Brookfield Renewable by 0.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,264,009 shares of the company’s stock worth $50,345,000 after buying an additional 3,600 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Brookfield Renewable by 27.0% during the 1st quarter. Swiss National Bank now owns 463,350 shares of the company’s stock worth $18,439,000 after buying an additional 98,600 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.48 on Friday, reaching $30.72. The company’s stock had a trading volume of 1,826,434 shares, compared to its average volume of 2,392,668. Brookfield Renewable Corporation has a twelve month low of $27.57 and a twelve month high of $45.18. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.41 and a quick ratio of 0.41. The firm’s 50 day moving average is $29.73 and its two-hundred day moving average is $35.97.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BEPC shares. Wall Street Zen raised shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Morgan Stanley dropped their target price on Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Thursday, October 29th. Barclays upped their target price on Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $36.00.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation (NYSE: BEPC) is a publicly traded company that provides investors with corporate securities representing an economic interest in the Brookfield Renewable Partners platform. Brookfield Renewable develops, owns and operates renewable power and sustainable energy businesses. The platform’s activities include generating electricity from hydroelectric, wind and solar facilities, as well as providing energy storage and other decarbonization solutions. Its portfolio spans North America, South America, Europe and Asia-Pacific.